14 November 2012

Allstate Insurance Named to the Civic 50

by Aric Mitchell, Posted in News

Allstate Insurance Named to the Civic 50

Allstate Insurance earned a Top 50 ranking from the Civic 50 survey, it was announced this week (Nov. 12).

The insurance provider topped out at No. 13 overall and No. 4 in the financial services sector, beating out most of the Standard and Poor (S&P) 500 corporations considered.

The Civic 50 is "the first comprehensive ranking" system for S&P 500 members, who "best use their time, talent, and resources to improve the quality of life in the communities where they do business," according to a company release.

The National Conference on Citizenship (NCOC), Points of Light (a nationally recognized civic engagement group), and Boomberg LP, were joint conductors of the survey.

NCOC Executive Director Ilir Zherka described the Civic 50 as demonstrating "that the best companies in America are deeply committed to strengthening their respective communities."

Norman Pearlstine, chairman of Bloomberg Businessweek and chief content officer for Bloomberg LP, called the Civic 50 "a comprehensive, transparent methodology to identify companies that have taken a leadership role in developing and implementing civic engagement programs."

"We believe it will raise awareness of the importance of a civic consciousness through the U.S. corporate world," Pearlstine added.

For Jackie Norris, executive director of the Points of Light Corp. Institute, the Civic 50 demonstrates "how much corporate America pitches in – with expertise, talent, time and money – to help communities meet critical needs."

Vicky Dinges, vice-president of social responsibility with Allstate, weighed in on the honor.

"Support of issues that align with our core business competencies, such as teen safe driving and financial empowerment for domestic violence survivors, allows us to have greater impact. This approach enables us to reach more than 100,000 domestic violence survivors each year and work toward reducing teen driving related deaths 50 percent by 2015."

According to the release, "companies were evaluated on seven specific metrics: leadership, measurement and strategy, design, employee civic health, community partnerships, cause alignment and transparency. Winning companies employed increasingly sophisticated tools to measure the impact of community engagement and alignment of these programs with their business' core competencies."